News

Non-duty-paid cigarettes, illegal trade networks: FBR, provinces intensify operations

The Federal Board of Revenue and provincial authorities have intensified nationwide operations against non-duty-paid cigarettes and illegal trade networks, leading to the seizure of illicit cigarettes and raw materials equivalent to nearly 17 billion cigarette sticks during 2025-26, representing nearly 40 percent of the total illicit cigarette market. Following strategic guidance issued by Prim

Key global markets: Pakistan among top 10 exporters of TBR tyres

Pakistan has emerged among the top 10 exporters of Truck and Bus Radial (TBR) tyres to key global markets including the United States and Brazil, marking a significant shift in the country’s industrial and export landscape. Sources in Commerce Ministry revealed that Pakistani tyre exports have gained traction in recent years, with the United States and Brazil now among the largest destinations.

Efforts under way to rid economy of loss-making SOEs: advisor to PM

Advisor to the Prime Minister on Privatisation Muhammad Ali said the government is trying its level best to get rid of loss-making state-owned enterprises, which created a huge financial burden on the national exchequer. The advisor stated this while addressing the ICAP CFO Conference 2026 held under the theme of “The New Playbook – Adapt, Innovate, Elevate” here on Thursday. He said that to ca

P&G to sell Port Qasim manufacturing assets to Colgate-Palmolive

Colgate-Palmolive (Pakistan) Limited (COLG) plans to acquire land, a manufacturing facility, and related assets at Port Qasim, Karachi, from Procter & Gamble (Pakistan) Limited. The listed FMCG disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “This is to inform you that the Board of Directors of Colgate-Palmolive (Pakistan) Limited has approved to negotia

Pak Suzuki sets up biogas plant & solar power facilities in Karachi

Pak Suzuki Motor Company Limited, a subsidiary of Suzuki Motor Corporation in Pakistan, has introduced a biogas plant with a capacity of 100 cubic meters per day and a solar power generation system with an output capacity of 920kW at its manufacturing plant, and both facilities have commenced operation. The biogas plant and solar power generation facilities form part of Pak Suzuki’s initiatives